Allied Digital Services Ltd has informed that the Board of Directors of the Company at its meeting held on March 11, 2008, inter alia, has approved the following:
1. Enhance the borrowing limit of the Company from the existing limit of Rs 100 Crores to Rs 750 Crores subject to the approval of the Shareholders of the Company.
2. Increase the Authorised Share Capital of the Company from Rs 20 Crores to Rs 25 Crores subject to the approval of the Shareholders of the Company.
3. Issue Foreign Currency Convertible Bonds, Depository Receipts and /or other appropriate securities up to an amount not exceeding USD 100 Million or its equivalent in International or Domestic currency subject to the approval of the Members and subject to the approval of the concerned authorities as applicable
4. Issue Equity Shares or Fully Convertible Debentures, partly Convertible Debentures or any security other than warrants which are convertible into or exchangeable with the Equity Shares for an aggregate sum upto USD 100 Million or its equivalent in International or Domestic Market to qualified Institutional buyers (as defined by SEBI (DIP) Guidelines, 2000) pursuant to a qualifies Institutions placement, as provided in the Chapter XIII A of SEBI (DIP) Guidelines, 2000.
5. Invest in the Equity Shares of Digicomp Complete Solutions Pvt Ltd, a Company based in Bangalore and engaged in the business of Technical BPO, Reverse Logistics, Asset Recovery and RMA Services, so as to acquire at least 51% controlling interest in the said Company.
6. Ratification of the Employee Stock Option Scheme 2007 (ESOP 2007) of the Company (pre-IPO scheme) by the members, pursuant to Regulation 22.2A (a)(ii) of the SEBI (Employee Stock Option Scheme And Employee Stock Purchase Scheme) Guidelines, 1999.
1. Enhance the borrowing limit of the Company from the existing limit of Rs 100 Crores to Rs 750 Crores subject to the approval of the Shareholders of the Company.
2. Increase the Authorised Share Capital of the Company from Rs 20 Crores to Rs 25 Crores subject to the approval of the Shareholders of the Company.
3. Issue Foreign Currency Convertible Bonds, Depository Receipts and /or other appropriate securities up to an amount not exceeding USD 100 Million or its equivalent in International or Domestic currency subject to the approval of the Members and subject to the approval of the concerned authorities as applicable
4. Issue Equity Shares or Fully Convertible Debentures, partly Convertible Debentures or any security other than warrants which are convertible into or exchangeable with the Equity Shares for an aggregate sum upto USD 100 Million or its equivalent in International or Domestic Market to qualified Institutional buyers (as defined by SEBI (DIP) Guidelines, 2000) pursuant to a qualifies Institutions placement, as provided in the Chapter XIII A of SEBI (DIP) Guidelines, 2000.
5. Invest in the Equity Shares of Digicomp Complete Solutions Pvt Ltd, a Company based in Bangalore and engaged in the business of Technical BPO, Reverse Logistics, Asset Recovery and RMA Services, so as to acquire at least 51% controlling interest in the said Company.
6. Ratification of the Employee Stock Option Scheme 2007 (ESOP 2007) of the Company (pre-IPO scheme) by the members, pursuant to Regulation 22.2A (a)(ii) of the SEBI (Employee Stock Option Scheme And Employee Stock Purchase Scheme) Guidelines, 1999.
No comments:
Post a Comment